Telecom outlook negative, Reliance Jio market share may increase by 40-45%: Fitch Group company – India TV
5 years, 4 months ago

Telecom outlook negative, Reliance Jio market share may increase by 40-45%: Fitch Group company – India TV

India TV News  

Credit profiles of telecom operators will remain under pressure in the medium term due to intense competition, elevated debt levels and continued reliance on capital infusion for debt servicing and capex, India Ratings, a Fitch Group company has said. Reliance Jio will be the only telco whose market share may increase to 40-45 per cent by 2022, it said. "Competitive intensity in the telecom industry has remained elevated with Reliance Jio Infocomm's data tariffs that are 25-30 per cent lower than those of Bharti Airtel Limited and Vodafone-Idea Limited," said the report. Ind-Ra expects RJio's market share to increase to 40-45 per cent by FYE22 and Bharti/Voda-Idea's joint market share to drop to 25-27 per cent each.

Market Telecom Jio Share Cent Spectrum India Tv Reliance Jio 5G Technology Rjio Capital Infusion Fitch Group Fitch Group Company  market  cent  negative  increase  telcos  india  tv  jio  outlook  share  capital  telecom  spectrum  reliance

History of this topic

Reliance shares price poised for 50% returns? 5 key reasons why Mirae Asset Sharekhan is bullish on the stock
3 weeks, 3 days ago

Reliance shares price poised for 50% returns? 5 key reasons why Mirae Asset Sharekhan is bullish on the stock

Live Mint  

Stock Market Today: Reliance Industries share price remains in a downtrend after hitting a one-year or 52-week high of ₹1,608.95 in July. Mirae Asset Sharekhan has given a target price of ₹1817 for Reliance Industries shares as they remain among its top conviction investment ideas. Jio has revolutionised the Indian telecommunications industry, becoming the dominant player in the domestic telecom …

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024
3 weeks, 3 days ago

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024

New Indian Express  

NEW DELHI: For the first time since the tariff hike announced by private telecom operators in July 2024, Bharti Airtel added 1.9 million subscribers in October 2024. However, Reliance Jio, India's largest telecom service provider, continued to lose subscribers, with a loss of 3.76 million, while Vodafone Idea Limited lost around 1.97 million customers. Vodafone Idea, India's third-largest telecom operator, …

Reliance Jio breaks records in 5G, India leaps ahead of many nations
1 month, 1 week ago

Reliance Jio breaks records in 5G, India leaps ahead of many nations

India TV News  

Reliance Jio is now the largest telecom company in India, boasting the highest number of customers in the telecom industry. The report also indicates that around 78 percent of India's population now has access to mobile services, making it easier for people to connect. Currently, there are about 93 crore mobile internet users in India, and Reliance Jio leads the …

Steelman Telecom stock hits 20% upper circuit after company wins ₹147 crore Reliance Jio order
1 month, 1 week ago

Steelman Telecom stock hits 20% upper circuit after company wins ₹147 crore Reliance Jio order

Live Mint  

Shares of Steelman Telecom were locked at the 20 per cent upper circuit limit in Wednesday's trade, December 4, hitting a one-month high of ₹154.80 apiece. In an exchange filing on Tuesday, the company informed investors that it had received an order worth ₹147 crore to provide frontend, backend, and supervisory teams for the maintenance of indoor small cells, indoor …

Voda Idea's revenue market share at all-time low in Q2FY25
1 month, 1 week ago

Voda Idea's revenue market share at all-time low in Q2FY25

Live Mint  

NEW DELHI : Vodafone Idea Ltd’s revenue market share declined to an all-time low of 14.5% for the quarter ended 30 September 2024, as it lost share in all circles despite having reported revenue growth for consistent quarters. Vodafone Idea's investments in networks may be able to arrest the rapid decline in the market share in the coming quarters, but …

Telecom companies looking to boost free cash flow as sector improves: Fitch Ratings
1 month, 2 weeks ago

Telecom companies looking to boost free cash flow as sector improves: Fitch Ratings

Live Mint  

Fitch Ratings has said the Indian telecom sector is improving on the back of rational competition and moderating capex, and that it expects telecom companies to now focus on profitability and 5G monetisation to boost free cash flow. The American rating firm forecast that Ebitda for Bharti Airtel and Reliance Jio would grow by around 10% in 2025, driven by …

Reliance share price jumps 2% on THIS acquisition buzz. More upside possible?
1 month, 2 weeks ago

Reliance share price jumps 2% on THIS acquisition buzz. More upside possible?

Live Mint  

Reliance share price: Shares of oil-to-telecom-to-retail conglomerate Reliance Industries jumped over 2 per cent in intraday trade on BSE on Friday, November 29, a day after the company announced its wholly-owned subsidiary acquired a 21 per cent stake in the US-based Wavetech Helium, Inc. for $12 million. "Reliance Finance and Investments USA LLC, a step-down wholly owned subsidiary of the …

Jio, Airtel and Vodafone Idea looses subscriber, BSNL gains in September 2024: Know-how
Trending News
1 month, 3 weeks ago

Jio, Airtel and Vodafone Idea looses subscriber, BSNL gains in September 2024: Know-how

India TV News  

Reliance Jio, India’s leading telecom operator has reported significant subscriber losses for the third consecutive month in September 2024, with 7.96 million wireless users leaving its network. As of September 30, 2024, Jio’s wireless subscriber base stood at 463.78 million, Airtel at 383.48 million, Vi at 212.45 million, and BSNL/MTNL combined at 93.8 million. Jio remains the market leader with …

India's Private Telcos Lose 1 Cr Users, BSNL Gains
1 month, 3 weeks ago

India's Private Telcos Lose 1 Cr Users, BSNL Gains

Deccan Chronicle  

New Delhi: India's three private telecom majors -- Bharti Airtel, Vodafone Idea and Reliance Jio -- have witnessed a staggering loss of over 1 crore customers in the month of September, while public sector telecom firm Bharat Sanchar Nigam Limited gained some customers, adding over 8 lakh new subscribers in the same month. As per the latest report by the …

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call
2 months ago

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call

Live Mint  

Following better-than-expected September quarter results, global brokerage firm Nomura India has reaffirmed its 'Buy' rating on Vodafone Idea, setting a target price of ₹14. Q2 Earnings Performance Vodafone Idea's financials for the September quarter showed a narrowing of losses to ₹7,175 crore from ₹8,746 crore in the same period the previous year. Investment Rationale and Strategic Outlook Nomura India outlined …

Vodafone Idea's stock plummets 14 per cent after Goldman Sachs' bleak forecast
4 months, 1 week ago

Vodafone Idea's stock plummets 14 per cent after Goldman Sachs' bleak forecast

New Indian Express  

NEW DELHI: Vodafone Idea's share price plummeted by as much as 14 per cent on Friday after Goldman Sachs predicted a potential downside of over 80 per cent from the stock's last closing level. The global brokerage firm set a target price of Rs 2.5 per share, triggering a sell-off in the telecom service provider's stock. According to Goldman Sachs, …

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies
6 months ago

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies

Hindustan Times  

Reliance Jio- the telecom unit of Reliance Industries Ltd- could be headed for a major initial public offering in 2025. Jio 'could list at $112 billion valuation' and add '7-15 percent upside' to the Reliance Industries share price, the brokerage said. Mobile sim card packets for Jio Platforms Ltd., a unit of Reliance Industries Ltd., in Mumbai, India. "Jio leading …

Reliance share price: UBS Research expects 10% further upside led by growth trends in Jio and retail
6 months, 1 week ago

Reliance share price: UBS Research expects 10% further upside led by growth trends in Jio and retail

Live Mint  

Stock Market Today: Reliance Industries share price having gained more than 20% year to date is poised for more upside believe analysts. UBS Research target price of ₹3420 indicates almost 10% more upside for Reliance Industries share price trading at close to ₹3110 levels Consumer business to drive earnings. UBS expects Reliance Q1 FY25 Ebitda at around ₹40,200 core, up …

Stocks to Watch: Sun Pharma, Apollo Hospitals, Muthoot Finance, Jio Financial, Tube Investments
7 months, 2 weeks ago

Stocks to Watch: Sun Pharma, Apollo Hospitals, Muthoot Finance, Jio Financial, Tube Investments

Live Mint  

Here are the top ten stocks that are likely to be in news on Friday: Sun Pharmaceutical Industries: The pharmaceutical company has agreed to a preferential offer to acquire a 14.28% stake in the Indian Foundation for Quality Management for ₹12.5 crore. Apollo Hospitals Enterprises: The company reported a consolidated net profit of ₹253.8 crore for the quarter ended March, …

Reliance Jio becomes top telecom service provider of India, followed by Airtel and Vi
8 months, 1 week ago

Reliance Jio becomes top telecom service provider of India, followed by Airtel and Vi

India TV News  

Telecom Regulatory Authority of India has released the user data of telecom companies for March 2024 which revealed that Jio has taken a big leap once again in terms of users in the country. As per the report which surfaced in March 2024, TRAI has reportedly released the list of customers joining Jio, Vi, Airtel and BSNL- leaving the companies. …

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening
10 months, 3 weeks ago

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening

Hindustan Times  

Jio Financial Services share: In a first, Jio Financial Services Ltd's market capitalisation exceeded ₹2 lakh crore driven by a 35 per cent surge in its share price this year while Reliance Industries hit a record high today. Reliance Industries is leading the list with a market cap of ₹20.05 lakh crore, followed by Tata Consultancy Services ₹14.78 lakh crore …

Reliance Industries Q3 Results: Net Profit Jumps 9 Per Cent To Rs 17,265 Crore
11 months, 3 weeks ago

Reliance Industries Q3 Results: Net Profit Jumps 9 Per Cent To Rs 17,265 Crore

ABP News  

Reliance Industries Ltd on Friday clocked a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The company's net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December, the third quarter of the current 2023-24 fiscal, was 9.3 …

Jio Financial plunges nearly 6 per cent as Q3 net profit declines 56 per cent QoQ to Rs 293.82 crore
1 year ago

Jio Financial plunges nearly 6 per cent as Q3 net profit declines 56 per cent QoQ to Rs 293.82 crore

India TV News  

Jio Financial Services shares fell as much as 5.68 per cent in early trade on Tuesday after the company reported a 56 per cent decline in quarter-on-quarter net profits, falling from Rs 668.18 crore in Q2 FY24 to Rs 293.82 crore in the reviewed period. The quarterly revenue of the Reliance Industries-backed company also dropped by 32 per cent, decreasing …

Reliance Q2 Results Highlights: Net profit rises 27% to ₹17,394 crore on higher EBITDA, strong retail biz
1 year, 2 months ago

Reliance Q2 Results Highlights: Net profit rises 27% to ₹17,394 crore on higher EBITDA, strong retail biz

Live Mint  

Reliance Industries Q2 Results Highlights: Billionaire Mukesh Ambani-led Reliance Industries announced its July-September quarter results for fiscal 2023-24, reporting a rise of 27 per cent in consolidated net profit at ₹17,394 crore, compared to ₹13,656 crore in the corresponding period last year. Reliance Industries Q2 Earnings Live: RIL's media biz Revenue from operations for the segment grew 20.4 per cent …

Q2 Results impact: Jio Financial share price gains 3% as profit doubles in September quarter
1 year, 2 months ago

Q2 Results impact: Jio Financial share price gains 3% as profit doubles in September quarter

Live Mint  

Shares of Jio Financial Services rose over 3 percent to ₹232 on BSE on Tuesday after the company's profit doubled in the quarter ended September 2023 in its first results report after being carved out from Mukesh Ambani-led Reliance Industries. Its consolidated net profit surged 101.3 percent to ₹668.18 crore in the quarter under review versus ₹331.92 crore in the …

Stocks to Watch: HDFC Bank, Jio Financial, Grasim, SpiceJet, ICICI Securities
1 year, 2 months ago

Stocks to Watch: HDFC Bank, Jio Financial, Grasim, SpiceJet, ICICI Securities

Live Mint  

Here are the top stocks that could be in focus in today's trade: HDFC Bank: HDFC Bank Ltd on Monday reported a 51% jump in profit in the September quarter, beating analysts’ estimates, on higher other income and lower provisions. The bank saw net profit rise to ₹15,976 crore in the quarter that ended 30 September from ₹10,605 crore in …

RJio spin-off or IPO expected within five years: Jefferies
1 year, 4 months ago

RJio spin-off or IPO expected within five years: Jefferies

Live Mint  

New Delhi: Brokerage house Jefferies expects Reliance Jio to be spun off or listed within the next four to five years, on the lines of Reliance Retail, even as the group creates a new energy business and repositions the telecom subsidiary as a technology company. Chairman will create the new energy business, and we expect him to likely spin off/IPO …

Reliance share price volatile ahead of 46th AGM
1 year, 4 months ago

Reliance share price volatile ahead of 46th AGM

Live Mint  

Reliance Industries share price opened nominally higher but traded volatile in early deals on Monday ahead of the company's 46th Annual General Meeting. Prashanth Tapse, Senior VP of Research at Mehta Equities underscored that all eyes would be on RIL AGM and its announcement focusing on Jio Financial's future outlook post-demerger and other high hopes on Future Retail IPO, Reliance …

Jio Financial Services hits 5% lower circuit after listing. Here's why
1 year, 4 months ago

Jio Financial Services hits 5% lower circuit after listing. Here's why

India Today  

Shares of Jio Financial Services, the demerged financial arm of Reliance Industries Limited, hit a 5 per cent lower circuit on the stock exchanges. Jio Financial Services, the demerged financial arm of Reliance Industries, made its stock market debut at Rs 262 per share on the National Stock Exchange and Rs 265 on the Bombay Stock Exchange. However, shares of …

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023
1 year, 5 months ago

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023

India TV News  

Jio Platforms has recorded a significant 12.5% year-over-year increase in net profit and reached up to Rs. During the reported quarter, Jio Platforms witnessed a net addition of over 90 lakh subscribers, with total data traffic soaring over 28% YoY to 33.2 billion gigabytes. Jio Platforms, which includes telecom arm Reliance Jio Infocomm and various startups, has seen significant progress …

Reliance Jio Q1 Result: Telco's Net Profit Jumps 12 Per Cent To Rs 4,863 Crore
1 year, 5 months ago

Reliance Jio Q1 Result: Telco's Net Profit Jumps 12 Per Cent To Rs 4,863 Crore

ABP News  

Mukesh Ambani-led Reliance Industries' telecom arm Reliance Jio on Friday posted over 12 per cent rise in net profit to Rs 4,863 crore in the June 2023 quarter, the company said in a regulatory filing. Jio's revenue from operations increased by 9.9 per cent to Rs 24,042 crore during the reported quarter from Rs 21,873 crore in the June 2022 …

Jio Financial Services to become the second largest shadow lender by market cap
1 year, 5 months ago

Jio Financial Services to become the second largest shadow lender by market cap

Live Mint  

Jio Financial Services, the financial arm of Reliance Industries Ltd, has unsettled shadow lenders space in the country by claiming the second spot. Post demerging with RIL on Thursday, Jio Financial Services boasts off an implied market capitalisation of ₹1.6 lakh crore, that's way behind Bajaj Finance m-cap of ₹4.59 lakh crore, but significantly higher to its contemporaries in the …

RIL Q1 results tomorrow; telecom, retail to lend support to earnings
1 year, 5 months ago

RIL Q1 results tomorrow; telecom, retail to lend support to earnings

Live Mint  

The June quarter results of Reliance Industries may come on the softer side due to the subdued performance of the O2C segment. For the O2C segment, Motilal also expects EBITDA at ₹18,400 crore, down 17 per cent YoY and up 2 per cent QoQ. Brokerage firm Nuvama Wealth Management expects RIL’s consolidated EBITDA to decline one per cent YoY and …

Reliance demerger: Jio Financial Services valued at ₹261.85
1 year, 5 months ago

Reliance demerger: Jio Financial Services valued at ₹261.85

Live Mint  

New Delhi: Jio Financial Services was valued at ₹261.85 per share on the National Stock Exchange at the end of a special pre-open call auction session conducted in the capital market segment for price discovery on Thursday. Analysts at JP Morgan had said that the implied value for Jio Financial Services currently stood at ₹189 per share and is based …

Reliance demerger: Jio Financial Services valued at ₹261.85
1 year, 5 months ago

Reliance demerger: Jio Financial Services valued at ₹261.85

Live Mint  

New Delhi: Jio Financial Services was valued at ₹261.85 per share on the National Stock Exchange at the end of a special pre-open call auction session conducted in the capital market segment for price discovery on Thursday. Analysts at JP Morgan had said that the implied value for Jio Financial Services currently stood at ₹189 per share and is based …

Reliance share price may see 35% upside: Jefferies
1 year, 6 months ago

Reliance share price may see 35% upside: Jefferies

Live Mint  

Reliance Industries share price gained on Wednesday after Jefferies maintained a Buy rating on the stock as it sees faster revenue growth in the retail segment and accelerated broadband traction in Jio. However, in its upside scenario, Jefferies expects the stock to reach ₹3,450, assuming recovery in GRMs and petchem margins ahead of its estimates and faster consolidation in telecom, …

Jio pips Airtel in revenue market share in Q4 2023: TRAI
1 year, 7 months ago

Jio pips Airtel in revenue market share in Q4 2023: TRAI

Live Mint  

Mukesh Ambani's telecom company has pipped rival Bharti Airtel in revenue market share in the fourth quarter of fiscal year 2023. Ambani's Reliance Jio Infocmm's gross revenue market share shot up by 13 basis points to 41.7% between January-March 2023 while Airtel's RMS remained unchanged at 36.5%. According to a report by Economic Times, Motilal Oswal said Jio's market share …

Jio, Airtel add 19.8 lakh subscribers, Vodafone Idea loses 20 lakh users in Feb: TRAI
1 year, 8 months ago

Jio, Airtel add 19.8 lakh subscribers, Vodafone Idea loses 20 lakh users in Feb: TRAI

Live Mint  

Reliance Jio, the country’s largest telecom operator, added a little more than 10 lakh mobile subscribers in the month of February, taking its wireless subscriber tally to over 42.71 crore users as against 42.61 crore in January. As per the latest data released by Telecom Regulatory Authority of India, the Sunil Mittal-led Bharti Airtel gained 9.82 lakh mobile users during …

Reliance Industries share price may see over 20% upside, say brokerages
1 year, 8 months ago

Reliance Industries share price may see over 20% upside, say brokerages

Live Mint  

Reliance Industries share price can witness a sharp upside of 25% led by recovery in petchem business amid a sustainable competitive advantage on scale economics, cost leadership, financial strength, global brokerages said. It believes listing of Jio Financial Services and more updates on the retail business in this year’s annual general meeting can help narrow RIL’s relative underperformance to Nifty. …

Telecom Subscriber Base In India Grows Marginally In January: TRAI
1 year, 9 months ago

Telecom Subscriber Base In India Grows Marginally In January: TRAI

News 18  

New Delhi, Mar 31: The telecom subscriber base in the country grew marginally to 1,170.75 million in January, driven by net customer gain in the fixed line segment, according to a sector regulator Trai report released on Friday. Even though Reliance Jio and Bharti Airtel jointly added 0.29 million new customers, the gain was offset by BSNL and Vodafone Idea …

Jio eyes new horizons with cheap fiber plan
1 year, 9 months ago

Jio eyes new horizons with cheap fiber plan

Live Mint  

Reliance Industries Ltd’s telecom arm, Reliance Jio Infocomm Ltd, seems to be aiming at market share gains in the wired broadband segment. View Full Image Graphic: Mint As of 31 December, Jio’s subscribers in the wired broadband segment stood at 7.65 million, giving it a market share of 24%. Also, “With a second home broadband connection being a new concept, …

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector
1 year, 11 months ago

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector

The Hindu  

The fate of India’s third-largest telecom, Vodafone-Idea, is hanging in the balance. Click to subscribe to our Data newsletter Apart from losing subscribers, Vodafone-Idea’s average revenue per user per month has also failed to keep pace with that of its rivals. Chart 3 shows the average revenue earned per user per month by private service providers in wireless services. The …

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara
2 years, 2 months ago

Reliance Jio formally launches 5G services, launch JioTrue5G powered WiFi services in Nathdwara

Firstpost  

Under the Jio True5G Welcome Offer, customers with invitation only will get access to 5G service during the beta trial and be able to access unlimited data up to 1 gigabit per second. On October 1, after Prime Minister Narendra Modi launched the 5G telephony services that promise to provide ultra-high-speed internet on mobile phones, Mukesh Ambani said Reliance Jio, …

Reliance Jio topples BSNL; becomes largest fixed-line service provider with over 7 million subscribers
2 years, 2 months ago

Reliance Jio topples BSNL; becomes largest fixed-line service provider with over 7 million subscribers

India TV News  

Highlights This is the first time a private operator has gained the numero uno position in the wireline segment BSNL has been providing wireline services since the last 22 years Jio, on the contrary, launched its wireline offering 3 years ago Private telecom operator Reliance Jio toppled state-run BSNL in August to become the largest fixed-line service provider in the …

India's Reliance Jio selects Nokia as equipment provider in 5G push
2 years, 2 months ago

India's Reliance Jio selects Nokia as equipment provider in 5G push

The Hindu  

Indian telecom service provider Reliance Jio has chosen Nokia as a major supplier, the Finnish telecom equipment maker said on Monday, as India's biggest mobile carrier gears up to expand next-generation wireless services across the country. Nokia will supply Reliance Jio, which has more than 420 million customers, with 5G radio access network equipment in a multi-year deal, the company …

Telecom sector set for speedy growth in run up to 5G launch
2 years, 4 months ago

Telecom sector set for speedy growth in run up to 5G launch

Live Mint  

The telecom sector continued to make progress in augmenting its network capacity with additional fiber and wireless deployments to meet the constant demand for higher-speed networks in 2021. The key differential was a pan-India bid for a 700 MHz spectrum band by Jio to fortify its indoor coverage strength and possibly expand fixed wireless access for home broadband services later, …

Vodafone Idea says industry needs tariff increases at regular intervals
2 years, 5 months ago

Vodafone Idea says industry needs tariff increases at regular intervals

Hindustan Times  

Struggling telecom operator Vodafone Idea Ltd says the industry needs to raise mobile tariffs at regular intervals as the sector still operates at unsustainably low prices and revisions will allow it to generate reasonable returns and support future investments. "The company thus believes that the industry will have to further raise tariffs at regular intervals, which is essential for operators …

How 5G spectrum win can drive Reliance Industries’ stock
2 years, 5 months ago

How 5G spectrum win can drive Reliance Industries’ stock

Live Mint  

Reliance Jio emerged as the top spender in India's 5G spectrum auction received a record ₹1.5 lakh crore of bids. While 5G SA still lags in terms of handsets, equipment and application, BofA finds Jio better placed than its peers to offer differentiated service. BofA's Buy rating on RIL shares comes with a target price of ₹2,820 apiece, which it …

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore
2 years, 5 months ago

Reliance Jio Q1 results: Net profit jumps nearly 24% to ₹4,335 crore

Live Mint  

Telecom giant, Reliance Jio registered a net profit of ₹4,335 crore in the quarter ending June 30, 2022 compared to a PAT of ₹3,501 crore in the same quarter last year - recording a growth of 23.82%. As of June 30, 2022, the company's net worth is around ₹2,02,132 crore compared to ₹1,86,475 crore as of June 2021. During the …

Reliance Jio adds 31 lakh new mobile users in May, says TRAI data
2 years, 5 months ago

Reliance Jio adds 31 lakh new mobile users in May, says TRAI data

Live Mint  

Private telecom operator firm Reliance Jio has cemented its lead in the Indian telecom market as it gained over 31 lakh mobile subscribers in May, says the sector regulator on 19 July. According to monthly subscriber data by Telecom Regulatory Authority of India, Reliance Jio gained 31.11 lakh wireless subscribers, taking its mobile customer count to 40.87 crore. Earlier on …

Reliance share price: India's most valuable company gains big
2 years, 6 months ago

Reliance share price: India's most valuable company gains big

India Today  

Reliance Industries share price on Thursday jumped 1.4 per cent as India's most valuable company provided the biggest boost to the blue-chip indexes. The jump in Reliance's share price came after billionaire Mukesh Ambani decided to step down from the telecoms arm of Reliance Industries, handing the reins to his son Akash and setting the stage for a leadership transition …

Mobile Subscribers In India Should Be Ready For More Tariff Hikes This Year: Report
2 years, 7 months ago

Mobile Subscribers In India Should Be Ready For More Tariff Hikes This Year: Report

News 18  

Mumbai, May 31: The country's top three private telecom operators will resort to another round of tariff hike in the second half of the current fiscal and will close FY23 with a revenue growth of 20-25 per cent, a report said on Tuesday. "…revenue of the top three players is expected to grow a robust 20-25 per cent this fiscal," …

Telecom companies to hike tariffs again
2 years, 7 months ago

Telecom companies to hike tariffs again

Live Mint  

India's top three private telecom providers - Bharti Airtel, Reliance Jio and Vodafone Idea - are likely raise tariffs again in the second half of this fiscal year, says a report. According to a report released on May 31, India's top three private telecom providers will raise tariffs again in the second half of this fiscal year, resulting in revenue …

Reliance Jio Posts Net Profit Of Rs 4,173 crore, Largely In Line With Estimates
2 years, 8 months ago

Reliance Jio Posts Net Profit Of Rs 4,173 crore, Largely In Line With Estimates

News 18  

Reliance Jio, the telecom arm of Reliance Industries Ltd, on Friday reported a net profit of Rs 4,173 crore for the fourth quarter of the 2021-22 financial year that ended on March 31, 2022. A CNBC-TV18 poll had predicted a net profit of Rs 4,400 crore for the quarter under review. India’s largest telecom operator has reported earnings before tax, …

Jio adds maximum subscribers in August, Vodafone Idea loses over 8 lakh subscribers, as per TRAI data
3 years, 2 months ago

Jio adds maximum subscribers in August, Vodafone Idea loses over 8 lakh subscribers, as per TRAI data

India Today  

The TRAI has released subscriber data for August 2021, which shows that Jio gained the maximum wireless subscribers in August and Vodafone Idea lost the maximum subscribers. As of 31st August 2021, TRAI noted that the private access service providers held 90.09 per cent market share of the wireless subscribers whereas BSNL and MTNL, the two PSU access service providers, …

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